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Oct 31, 2012
10/12
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sandy, the road to recovery. >> while sandy is almost gone, she's not forgotten, as the east coast starts the healing process. >> in sandy's wake, towns destroyed. homes under water. millions without power. but today, wall street is back to business, and the pivotal election is just days away. tonight, cnbc assesses the damage and looks ahead to rebuilding. sandy, road to recovery, a special edition of "the kudlow report." >>> here's what we know two days after the killer storm called sandy hit the northeast. u.s. death toll is now at least 64. a second new york city hospital, bellevue, has been evacuated because of power and flooding issues. >> lower manhattan still a crippled zone. the markets were able to open today, but there's still flooding damage down there and also very dark streets. >> so in the metropolitan area, the recovery is a struggle. the availability of electricity to run the traffic lights, pump the gasoline, is now prime need. 6.1 million utility customers are still without power. individuals and businesses alike. >> public transportation slowly coming back online. some
sandy, the road to recovery. >> while sandy is almost gone, she's not forgotten, as the east coast starts the healing process. >> in sandy's wake, towns destroyed. homes under water. millions without power. but today, wall street is back to business, and the pivotal election is just days away. tonight, cnbc assesses the damage and looks ahead to rebuilding. sandy, road to recovery, a special edition of "the kudlow report." >>> here's what we know two days after...
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Nov 2, 2012
11/12
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again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral support and organizational support of the government, but the red cross would lead and go down. there was a very famous flood in "forgotten man" and my new book "the biography of coolidge," the flood of the mississippi. it was terrible. the president did not go down. that was coolidge. why not? he wanted the states and the private sector and the charities to take the lead. >> i got to leave it there. we're going to finish this conversation on the radio tomorrow. that's what we're going to. we're going to have more time. that's terrific. thanks. that's it for this evening's show. thanks for watching. stay tun
again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral...
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Nov 15, 2012
11/12
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that's how we talked about sandy until we heard about john turner. he runs natural catastrophe solutions. he was on the shore when he bought a scratch-off lottery ticket and won $100,000. turner's giving some to his church, saving some more and investing the rest in his business. you know what? it's nice to have a positive story like this every once in a while. >>> all right. many thanks again to our budget expert, doug holtz-eakin. hamas declares war on israel. israel ground force is now on high alert and ready to act, if necessary. all this while america's top intelligence agencies appear to be in disarray. we're going to try to get a handle on this nasty middle eastern story up next on "kudlow." >>> so is israel going to wipe out hamas, and what is iran going to do? this after an air strike kills a high-ranking hamas leader today. the mideast tinderbox seems like it's about to explode once again. let's talk, here now is our great friend, barclays senior geopolitical strategist, helema croft, former cia economic analyst. israel is going whole hog n
that's how we talked about sandy until we heard about john turner. he runs natural catastrophe solutions. he was on the shore when he bought a scratch-off lottery ticket and won $100,000. turner's giving some to his church, saving some more and investing the rest in his business. you know what? it's nice to have a positive story like this every once in a while. >>> all right. many thanks again to our budget expert, doug holtz-eakin. hamas declares war on israel. israel ground force is...
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Jul 25, 2012
07/12
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sandy weill was right today. the other thing, big surprise, tim geithner going on the hill protecting the status quo of the too big to fail banks yet again. >> sheila behr, richard fisher, dallas fed head, tom hoenig, kansas city fed head at the fdic are all saying the same thing, that banks should be broken up. how do you see it? >> well, we have to start with the proposition which mr. weill was advocating to reinstate glass-steagal will recollect. the debate has gotten off track. when you talk today about reinstating glass ste e agall ar the volker rule it is prohibiting bank affiliates from underwriting, being market makers and engaging in hedging activities. all three of these activities have been termed by chairman volker himself to be beneficial to our economy and society. >> not in the commercial bank aspect. he said he doesn't care where they do it. he's not opposed to market making, dderivatives, synthetic. just don't do it in the banks because the taxpayers are behind them. that's my understanding of th
sandy weill was right today. the other thing, big surprise, tim geithner going on the hill protecting the status quo of the too big to fail banks yet again. >> sheila behr, richard fisher, dallas fed head, tom hoenig, kansas city fed head at the fdic are all saying the same thing, that banks should be broken up. how do you see it? >> well, we have to start with the proposition which mr. weill was advocating to reinstate glass-steagal will recollect. the debate has gotten off track....
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Dec 14, 2012
12/12
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and the super hurricane sandy had really very little impact. now, i just want to show you, you can see the consumer is not dead. in fact, let me try this one. you're up here at about 4.5%. this is six months smooth basis. look at this move from june to november, consumers are far from dead. it's not fabulous. i'd like to see five or six growth. but it ain't bad. now, the second one we're going to look at is jobless claims. weekly unemployment claims fell almost 30,000 for the week. nowing again, hurricane sandy did play a bit of a role, but only temporary. you can see in mid november -- there's hurricane sandy at about 450,000. you can also see that it is now falling all the way down to about 340,000. these are weekly jobless claims that are pretty good indicators of what the next employment report is going to look like. so i'm just saying retail sales, jobless claims, pretty darn good, the economy is not collapsing. now, we're going to wait for a business investment, which comes in in a couple weeks. that's been falling badly. and then we're g
and the super hurricane sandy had really very little impact. now, i just want to show you, you can see the consumer is not dead. in fact, let me try this one. you're up here at about 4.5%. this is six months smooth basis. look at this move from june to november, consumers are far from dead. it's not fabulous. i'd like to see five or six growth. but it ain't bad. now, the second one we're going to look at is jobless claims. weekly unemployment claims fell almost 30,000 for the week. nowing...
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Nov 10, 2012
11/12
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we are, in the weeks ahead going to get some very bad economic statistics from hurricane sandy. very bad. it might even look like a recession. will the stock market be able to see through it or will they get more fearful that the earnings cliff is going to turn into a recession cliff. >> we had our macro policy hearing and what we discussed was the impact on sandet and impact on the scomplekz we've taken the gdp numbers for the first quarter down below 1%, largely impacting the definite economic impact that we'll see from sandy and the potential economic impact from the election, but as we roll into the spring of next year, say the second, third quarter, at that point the drag from economic growth from sandy becomes a positive impact. >> phil orlando, where are your favorite investment sectors? where are your best ideas right now? >> right now, we've sort of pulled in our horns and neutralized the portfolio in terms of equities and fixed income. we are watching very carefully the rhetoric. i was encouraged by speaker boehner and the president today, but right now we just need so
we are, in the weeks ahead going to get some very bad economic statistics from hurricane sandy. very bad. it might even look like a recession. will the stock market be able to see through it or will they get more fearful that the earnings cliff is going to turn into a recession cliff. >> we had our macro policy hearing and what we discussed was the impact on sandet and impact on the scomplekz we've taken the gdp numbers for the first quarter down below 1%, largely impacting the definite...
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Nov 9, 2012
11/12
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one more sign of sandy's impact. new york governor andrew cuomo estimates the damage in his state, alone, at $33 billion. cuomo assailed the power companies. he called for a ground-up redesign of the power and fuel supply systems. but i think what he ought to do is open the door to some deregulation and free market competition. this especially for the power companies. let the marketplace work, governor cuomo. you'd have better results during emergencies or nonemergencies. >>> anyway, coming up here, president obama wasn't the only big winner on tuesday night. the polling industry kind of nailed it. top pollster ed gullas is up next. ♪ [ male announcer ] a european-inspired suspension, but not from germany. ♪ a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... inspired by a place like no other. introducing the all-new 2013 chevrolet malibu, our greatest malibu ever. ♪ we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning,
one more sign of sandy's impact. new york governor andrew cuomo estimates the damage in his state, alone, at $33 billion. cuomo assailed the power companies. he called for a ground-up redesign of the power and fuel supply systems. but i think what he ought to do is open the door to some deregulation and free market competition. this especially for the power companies. let the marketplace work, governor cuomo. you'd have better results during emergencies or nonemergencies. >>> anyway,...
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Nov 16, 2012
11/12
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almost 2 1/2 weeks after superstorm sandy. lipa acts as a general manager that farms out the actual power operations to the national grid. more than 21,000 lipa customers are still without power. and they are making awfully good money. >>> president obama read a letter at his press conference yesterday from a romney voter in tennessee who urged him to make a fiscal cliff deal. that man is about to join us live. >>> plus, as we stand at the precipice of the cliff, is compromise possible? we'll ask congress jeff flake. all that up next on "kudlow." >>> welcome back to "the kudlow report." i'm larry kudlow. in this half hour, benghazi-gate rears its ugly head again today. two months after the deadly terrorist attack on our u.s. consulate in libya, lawmakers are finally briefed by intelligence, state and fbi officials. >>> call it president obama's bad medicine. my 2025 research shows the u.s. will have a full-blown doctor shortage because of obama care. >>> first up, with 46 days until the country's economy plummets off the tax a
almost 2 1/2 weeks after superstorm sandy. lipa acts as a general manager that farms out the actual power operations to the national grid. more than 21,000 lipa customers are still without power. and they are making awfully good money. >>> president obama read a letter at his press conference yesterday from a romney voter in tennessee who urged him to make a fiscal cliff deal. that man is about to join us live. >>> plus, as we stand at the precipice of the cliff, is compromise...